Chapter 7 Lesson 4 Reduce Your Cost
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Hard
Steve Wills
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of filling out the FAFSA?
To apply for student loans
To qualify for federal and some private financial aid
To get admitted to college
To receive a scholarship automatically
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT considered free money for college?
Scholarships
Grants
Work-study
Student loans
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When can you start filling out the FAFSA each year?
January 1
October 1
July 1
December 1
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key quality that can help you succeed in earning scholarships, according to Kristina Ellis?
Intelligence
Fearlessness
Athletic ability
Popularity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between scholarships and grants?
Scholarships are based on financial need, while grants are based on achievement.
Grants are based on financial need, while scholarships are based on achievement.
Scholarships must be repaid, while grants do not.
Grants are only available to athletes.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do if you see student loans listed in your financial aid award letter?
Accept them immediately
Ignore them
Decline them to avoid debt
Ask for more loans
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a potential consequence of not completing the FAFSA early?
Missing out on federal aid
Not being admitted to college
Receiving fewer scholarship offers
Having to pay back grants
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